Power agreement pricing cap expires December 31, 2021
Company: Core Scientific
What the later record shows
Not a promise: a reported event · happened December 31, 2021
The claim describes a contract pricing term whose cap period had already ended by December 31, 2021, before the statement date. It is not a commitment, and no passage addresses it.
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Core Scientific's favorable power pricing agreement with Dalton Utilities, capping rates at $0.042/kWh, was set to expire on December 31, 2021.
Source (primary)
Core Scientific, Inc. — Entry #1842: Adversary case 22-03345 (RECAP (purchased via PACER), court_filing)
View cached copy (2026-09-26)Live source ↗
Quote: “Core Scientific agreed to pay to Dalton $0.0364 on a kW per hour basis as modified from time to time, but not to exceed $0.042 prior to December 31, 2021.”
How we checked this
Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.
The document quotes the company's own disclosure that Dalton Utilities rates were capped at $0.042 per kWh before December 31, 2021, which supports the end date of the cap. However, it says the agreement itself had an indefinite term, and calling the deal 'favorable' is a short seller's and plaintiff's characterization rather than an established fact.
Confirmed in the source:
- Core Scientific, through a subsidiary, had an electric service agreement with Dalton Utilities for its Boring Drive and Industrial South sites in Dalton, Georgia.
- Under that agreement Core Scientific agreed to pay Dalton Utilities $0.0364 per kWh, as modified from time to time, but not to exceed $0.042 prior to December 31, 2021.
- The $0.042 price cap applied only to the period before December 31, 2021.
We could not confirm this from the cited source:
- That the Dalton Utilities agreement itself was set to expire on December 31, 2021; the company's disclosure quoted here says each agreement has an indefinite term, and only the price cap was tied to that date.
- That the agreement was objectively favorable; the 'sweetheart deal' description comes from short seller Culper Research and the plaintiff's allegations, not an established fact.
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of RECAP (purchased via PACER) (https://storage.courtlistener.com/recap/gov.uscourts.txsb.460090/gov.uscourts.txsb.460090.1842.0.pdf) in full (60,424 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific, Inc. — Entry #1842: Adversary case 22-03345
Quote: “Core Scientific agreed to pay to Dalton $0.0364 on a kW per hour basis as modified from time to time, but not to exceed $0.042 prior to December 31, 2021.”